First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.11 Per Share for October
First Trust Energy Infrastructure Fund (the “Fund”) (NYSE:FIF) has declared a long-term capital gain distribution of $0.11 per share payable on October 15, 2014, to shareholders of record as of October 3, 2014. The ex-dividend date is expected to be October 1, 2014. The monthly distribution information for the Fund appears below.
First Trust Energy Infrastructure Fund (FIF):
|Monthly Distribution per share:||$0.11|
|Distribution Rate based on the September 19, 2014 NAV of $27.70:||4.77%|
|Distribution Rate based on the September 19, 2014 closing market price of $24.20:||5.45%|
The distribution consists of net realized long-term capital gains, as noted above. The final determination of the source of tax status of all 2014 distributions will be made after the end of 2014.
The Fund is a non-diversified, closed-end management investment company that seeks to provide a high level of total return with an emphasis on current distributions paid to shareholders. The Fund seeks to achieve its investment objectives by investing primarily in securities of companies engaged in the energy infrastructure sector. These companies principally include publicly-traded MLPs and limited liability companies taxed as partnerships, MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission and petroleum and natural gas storage in the petroleum, natural gas and power generation industries. To generate additional income, the Fund expects to write (or sell) covered call options.
First Trust Advisors L.P., the Fund’s investment advisor, along with its affiliate, First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $101 billion as of August 31, 2014, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
Energy Income Partners, LLC (“EIP”) serves as the Fund’s investment sub-advisor and provides advisory services to a number of investment companies and partnerships for the purpose of investing in MLPs and other energy infrastructure securities. EIP is one of the early investment advisors specializing in this area. As of July 31, 2014, EIP managed or supervised approximately $5.6 billion in client assets.
Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.
Principal Risk Factors: Investment in this Fund involves investment and market risk, market discount from net asset value risk, management risk, potential conflicts of interest risk, investment concentration risk, industry specific risk, cash flow risk, MLP tax risk, non-U.S. securities risk, failure to qualify as a regulated investment company risk, tax law change risk, deferred tax risk, delay in investing the proceeds risk, equity securities risk, Canadian income equities risk, leverage risk, derivatives risk, portfolio turnover risk, competition risk, restricted securities risk, liquidity risk, valuation risk, interest rate risk, non-diversification risk, anti-takeover provisions, inflation risk, certain affiliations and secondary market for the Fund’s common shares. The risks of investing in the Fund are spelled out in the prospectus, shareholder reports and other regulatory filings.
The Fund’s daily closing New York Stock Exchange price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891.
Sorry. No data so far.